Which of the Following Statements Is True of Agile Companies

question 10

Multiple Choice

Which of the following statements is true of agile companies?

• A) They increase the complexity of the supply chain.
• B) They use the "push" strategy instead of the "pull" strategy to market their products.
• C) They spend less time than their competitors on activities that create direct customer benefits.
• D) They partner closely with suppliers and service providers to reduce customer wait times for products.

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Definitions:

Work in Process

Refers to goods that are in various stages of being made within a factory but are not yet completed.

Processing Department

A division within a manufacturing facility where a specific type of production process is carried out, often part of a larger assembly line.

Molding Department

A specific division within a manufacturing facility where items are shaped and formed using various molds.

Weighted-Average Method

An inventory costing method that assigns a cost to inventory based on the average cost of all similar items in inventory, weighted by the quantity of each item.